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Search Results 0 to 49 of about 90 (some duplicates have been removed)
CNBC
Oct 5, 2012 7:00pm EDT
, i think they'll be l. >> hey, larry, huge interview tonight. you have jack welch, what else is cooking? >> 7.8% unemployment. is this magic number of president obama for real or was it cooked? good evening, i'm larry kudlow. this is "the kudlow report." team obama doing a victory lap, rejoicing over the 7.8% victory lap. my guest, jack welch, is questioning whether the numbers were cooked to help president obama. mr. welch will respond live and talk to me in a moment. this whole thing comes as the romney roll continues. scott rasmussen has three polls showing a dead heat in battle ground states, hai, virginia, florida. even the liberal magazine "the new yorker" sees it on their front cover, mitt romney pulling a clint eastwood, debating an empty chair. first up, it was the tweet that was heard around the world. my good friend jack welch set off a social media firestorm. take a look at his tweet. "unbelievable jobs numbers. these chicago guys will do anything. can't debate so change numbers, end quote. he's chase by accusing the white house of skewing the data to help preside
CNBC
Oct 5, 2012 1:00pm EDT
right now. >>> 7.8% unemployment. did president obama just win next month's election? jack welch says hold your horses on that 7.8% number. he doesn't really believe it. an influential florida congressman agrees. we'll talk to that congressman live and ask him on what he bases his suspicions. >>> a place in the united states where gasoline has now become hard for drivers to find. you will find out why coming up on "power lunch." >>> meantime, let's go to sue at the new york stock exchange. sue? >> the markets have been up all day long. we're up about 60 points or so on the dow jones industrial average and the big reason of course is the number that we got this morning, falling unemployment. we are now below the 8% level for the first time in four years. the question is how did we get there? here to explain all of that, our senior economics reporter steve leisman. steve? >> sue, thanks very much. sue, this number is a product of simple math. but whether it's telling us about the real strength of the job market is something investors and the fed are going to have to think long and hard
CNN
Oct 6, 2012 7:00am PDT
. jack welch, the former v. owe of general electric, tweeted this. welch later came on cnn's "anderson cooper 360" and said if he had that tweet to do over again, he would have added one thing. >> so many politicians these days are saying like michele bachmann will say something that factually is nocht correct and they'll say i'm just asking the question. is it responsible to say i'm just asking the question, but to say they'll do anything. >> i should have put the question mark. a question mark would have been better at the back of that. >> so you are kind of backing away -- >> i'm not backing away. >> you wish you could amend your tweet? >> i wish i added a question mark to the back of it. but the same implications. >> to say something like this is like donald trump saying that president obama is not an american citizen without any proof. you are jack welch. you got to take this opportunity while everybody is listening to you to actually say yes, anderson, i'm taking that tweet back. i'm going to accepted a new tweet to say i was exaggerating. there are problems, maybe bls should loo
MSNBC
Oct 6, 2012 9:00am PDT
theorists who openly suggested the white house manipulated the numbers. forward ceo jack welch led the crowd with this tweet "unbelievable jobs numbers. these chicago guys will do anything can't debate so change numbers". he refused to back down on last night's msnbc. >> i have no evidence to prove that. i just raised the question. >> you didn't raise the question. you said these chicago guys will do anything so they change the numbers. you want to take that back? >> this is an assertion. >> jimmying with these numbers. corruption here. infiltration or getting to -- it's not funnies jack. you're talking about the president of the united states playing with the bureau of labor statistics numbers. this is mixing stuff. do you want to take back the charge here? >> i don't want to take back one word in that tweet. >> oh, this is good. what's the word from the white house folks today on these jobs numbers? are they being cautious about them at all? >> you heard the president be cautious. the president and his advisers and everybody on down the line is going to be very quick to add that there are
FOX News
Oct 6, 2012 9:00am PDT
in the latest job report and showing a dip in the unemployment. former chairman jack welch is skeptical. meaning that employers added a modest 114,000 jobs and the drop comes at a critical time for the president who is coming off a weak debate performance with romney. joining us is new york times best selling author out with the latest book. ann coulter. at this point in time the president said we will be at 5.6 and enjoying that part of the economy and a more comfortable position and now they are running with this new number. what is your response. >> it is noticeable that a lot of economist are saying this is not possible. you would need more than 114,000 jobbings. i don't think it matters except to broadcasting tv shows or writing for newspaper what number they throw up on the screen. people know they are out of work and in jobs and they are way overqualified for and working part-time. so many people are going out of business and under working now. 23 million unemployed difference does it make? >> the numbers simply write away the 211,000,000 people stopping to look for people. >> oh, yes. pe
MSNBC
Oct 7, 2012 11:00am PDT
in conservative corners were arguing about the actual numbers. jack welch had a tweet about unbelievable jobs numbers, the chicago guys will do anything, can't debate because they change the numbers. he was on "hardball" with chris matthews and this is how he explained what's behind this analysis. >> i've reviewed 14 businesses this week from restaurants to rental cars, to widgets. i have seen everybody with a, a third quarter equal to or weaker than the first quarter. in order to get 873,000 new jobs, you would have to have a gdp going at 4% to 5%. the second quarter was downgraded from 1.7 to 1.3. the third quarter is not going to be very strong. it just defies the imagination to have a surge larger than -- any surge since 1983, a month before the election. i leave it to you to do all the analysis. >> you know -- >> one of the most important ceos of america, formerly of general electric does this ring true to you, speaker? >> actually since it's a survey, is this outside the statistical bounds of their survey, which is plausible, but irrelevant. what's interesting is you have a president, w
NBC
Oct 7, 2012 8:00am PDT
some were arguing about the actual numbers. jack welch made a lot of headlines with a tweet that said, unbelievable jobs numbers. these chicago guys will do anything. can't debate so they change the numbers without any substantiation. he was on "hardball" with chris matthews and this is how he explained it. >> i've reviewed 14 businesses this week. from restaurants to widgets. i have seen everybody with a third quarter equal to or weaker than the first quarter. in order to get 873,000 new jobs, you would have to have a g.d.p. going at 4% to 5%. the second quarter was downgraded from 1.7% to 1.3%. the third quarter is not going to be very strong. it just defies the imagination to have a surge larger than any surge since 1983 a month before the election. i leave it to you to do all the analysis. >> one of the most important ceos in america. formerly of general electric. does this ring true? >> well, it rings true to me. since it's a survey, is this outside of the statistical bounds of their survey, which is plausible but irrelevant. but you have a president who says last budget got zero
MSNBC
Oct 6, 2012 4:00am PDT
explanation. >> okay. look, it's not just jack welch, whom we heard from, perpetuating this conspiracy theory. look at these interviews. congressman alan west, senator john mccain both on cnbc. here we go. >> i know. >> you are alleging specifically that the president is engaging in a cover-up of the data. you are saying that the administration is actively manipulating that data. correct? >> well, absolutely. >> frankly, i am not enough of an economist to question exactly what those numbers are. our discussion about the warren act that just took place where there are blatant violations of the law, i wouldn't put anything past this administration. >> you know, these are sitting members of congress. >> yeah. >> alan west won, of course. we know his party. he's very conservative nap said, john mccain. are you surprised by his comments? >> i'm very surprised by his comment. all of those comments, they're not just deeply irresponsible, but without a shred of evidence they are casting doubt about a very important number in our economy. now, if you understand the way the bureau of labor statistics c
MSNBC
Oct 6, 2012 11:00am PDT
people on both sides of the aisle. jack welch is almost famous or infamous by now. jack welch, the former ceo of general electric, tweeting out that, you know, the innuendo that the bureau of labor statistics had cooked the books. that was called utter nonsense by the deputy white house spokesman. others, including jared bernstein, who is an economist here until recently in the white house, said that welch should be ashamed of himself. you know, he's sort of out there on an island, jack welch. he was on "hardball" last night and he said he wouldn't take a word back of that tweet, but he admitted he had no evidence the to back it up. again, there are people on both sides of the aisle who are rushing to defend the integrity of the people who get those numbers together every month, melissa. >> the president said the burden is now on congress. what is it that the president now wants congress to do? >> reporter: congress is not coming back until after the election. that is clear. and the first order of business at the lame duck session is what to do about the fiscal cliff, this whammy, this tr
FOX Business
Oct 5, 2012 11:00am EDT
chief jack welch on the record saying he thinks there are funny numbers at work here and it is tied to the president's for performance. connell: californians hoping you filled your gas tank yesterday because prices spiking overnight on the west coast. we will tell you about that. dagen: stocks every 15 minutes. nicole petallides at the stock exchange with some green. nicole: this is a day on wall street. we got the monthly jobs report which came as a complete surprise to everybody on wall street as we look at the dow jones industrials which are up 65 points but the dow has moved to levels we have not seen since december of 2007. highest level for the dow since 2007 and among the dow components so many of them are hitting 52 week highs. home depot and verizon and general of dr. kent walmart and pfizer and ibm, merck and 3 m. many viewers may own mutual funds. as traders digest this monthly jobs reports some are trying to make heads or tails of it. a shock on wall street but right now this market continues to move to the upside. connell: we should hear from the president on his reacti
FOX News
Oct 5, 2012 1:00pm PDT
. jack welch is here and only here. welcome, everyone, i am here no neil cavuto and this is "your world." the tweak that has everyone talking, jerk welch tweeting this moments after the release of the jobs report. these chicago guys will do anything. can't debate? change the numbers. the labor secretary calling the charge "ludicrous." jack welch. >>guest: i have been called worse than that by some. look, i have no idea where this number came from but you look at it and we added 600,000 jobs in the government sector in august and september which is the largest number we have had since the study has been done, 600,000 jobs. in september, household employment added 780,000 jobs. that's the highest since 1983. i have been reviewing bigs all week, some dozen businesses. no one is stronger than they were in the third quarter than in the 2nd quarter. we have been told there are needed 150,000 to 200,000 to stay even. the last two months we have gone from 83 to 81, and now we are changing the household number assumptions. i don't know what the right number is, but i will tell you these numbers
FOX News
Oct 6, 2012 1:00am PDT
cooked, were fixed. former ceo of g.e. >> jack welch. >> jack welch say they were fixed or something? >> he said definitely those guys from chicago they can't debate so they're cooking the books. >> bill: do you take that seriously? >> no. i do not take it seriously. i have to say jack welch gave us a good laugh because he he was serious. >> bill: welch believes these are bogus numbers? >> that's what he said. it's the kind of nonsense what's really book here. 50,000 they survey the establishment survey it's called services and government is about 150,000 there is a lot of volatility. people going around saying this hasn't happened in 30 years. >> bill: in your opinion though, there are more jobs being added pushed from full time into part time. they are younger, less educated. unskilled. lower paying. >> if you are working part time you come off the unemployment rolls, that goes into the unemployment rate. that's a legitimate thing to talk about this is important. 14.7% unemployment when you include the marginally attached to the workforce. that is precisely the same number as the p
MSNBC
Oct 9, 2012 9:00am PDT
about the jack welch. do we have that confirmed? i don't know that we do. jack welch may have resigned -- >> we don't have it confirmed. >> this is how we do things on fx. >> tweet about it right. >> i read the story. a story in fortune that says jack welch has resigned from his columnist job at fortune and reuters in the wake of the conspira his conspiracy tweet. >> it appears that he -- appears he was miffed about the fact that those publications wrote stories critical of what he had said. >> i wrote a critical story. sister publication. >> just for the record was totally insane. >> totally insane conspiracy theory, one of many floating out there. the repercussions -- >> also in the same piece asked to see obama's birth certificate. >> yes. >> i think his college records he's looking for now. >> how will jack welch pay the represent now? >> we're all worried. >> i'm sure you'll be taking up jobbers and birthers in your -- >> just become 47%. >> i am open to take that job if they need someone. >> thank you to my panel, john, rana, kamal and david's ebook, "47% uncovering the romney vi
CNBC
Oct 9, 2012 6:00am EDT
at the business level and these numbers. what do i say? they're fishy. let me say one thing about jack welch that can't be said enough. there was no better ceo in america in the last 100 years than jack. he did it all. look at what he created, look at the value that was generated for people that own that stock. i'm biased. i sat on this board for six years but i can tell you right now i watched jack run a company. there was nobody better, nobody. he was all business. jack expected the numbers for what he said, not for what he wanted them to be. he was a realist. he's being a realist now and i think i am, too. these numbers don't square with what's going on in the economy. say what you want. >> jack had this, got this brand and never been hammered with criticism before. it's like, are you kidding me? you never heard of pcb, neutron jack, you've had -- he's had to put up with criticism. you do something the liberals their panties get in a bunch, but you can say, thisser' the sa they're the same ones that said bush lied, people died, which is a more heinous allegation to make. the bls, maybe th
CNN
Oct 6, 2012 4:00pm PDT
that president obama is not an american citizen without any proof. you are jack welch. >> more of that heated exchange next. ♪ [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. inspiration. great power. iconic design. exhilarating performance. [ race announcer ] audi once again has created le mans history! [ male announcer ] and once in a great while... all of the above. take your seat in the incomparable audi a8. the highest-ranked vehicle appeal among large premium cars by j.d. power and associates. ♪ ...and we inspected his brakes for free. -free is good. -free is very good. [ male announcer ] now get 50% off brake pads and shoes at meineke. >>> friday's jobs report was good news, both for americans and for president barack obama's re-election effort, but some people like former general electric ceo jack welch hinted that the obama campa
CNN
Oct 5, 2012 1:00pm PDT
two years in several decades during this recovery. >> you know, jack welch, the former ceo of ge, he tweeted this because he didn't believe these numbers. he tweeted "unbelievable jobs numbers. these chicago guys will do anything. can't debate so change numbers." now, there are others who are suggesting there was political influence over the bureau of labor statistics that are driving these numbers, trying to make the president look good only a few weeks before the election. you're familiar with the economists, the statisticians who work there. what do you say to these folks who see some conspirator yal involvement out there. >> that's totally, totally insane. i'm friend with jack welch and i tweeted him back. i said, jack, i love you, but on this one you've just flat out lost your mind. there's an ironclad firewall with criminal penalties for anybody at the bls to have any kind of political interference or to release any of the numbers early. it's totally impossible to do that. you've seen all the reputable republicans that have worked with the bureau of labor statistics in the past
CNBC
Oct 5, 2012 4:00pm EDT
also unexpectedly fell below 8% to 7.8. here's what the former general electric ceo jack welch tweeted. unbelievable jobs numbers. these chicago guys will do anything. can't debate, so change the numbers. >> plus, arizona senator and former republican candidate john mccain saying this on cnbc earlier today. >> i question exactly what those numbers are. our discussion about the w.a.r.n. act that just took place where they're in blatant violation of the law. i wouldn't put anything past this administration. >> by the way, the w.a.r.n. act he refers to requires businesses to tell employees about potential layoffs 60 days in advance. here with reangction, former lar secretary elaine chow. thanks very much for joining us. you were the labor secretary. you had the national butreau of labor statistics under you. what do you think about this possibility of a conspiracy? >> when i was at the department of labor, i think the bureau of labor statistics was very professional. they did a very good job. i don't know what's happening now. i can't speak to that. but the fact that this administration h
NBC
Oct 5, 2012 5:30pm PDT
, some saw a conspiracy. jack welch, former chairman of ge accused the white house of cooking the books he said these chicago guys will do anything when pressed by chris matthews, he wouldn't take it back. >> i have no evidence to prove that. i just raised the question. >> did you talk to the economists or any of the people in the accounting world that understood how the numbers were put together before you accuse the chicago guys of changing the numbers? >> it seems like a coincidence, that one month before the election they would end up at 7.8. >> reporter: the numbers are crunched by the economists and the independent bureau of labor statistics, civil servants, not employees. >> these are skilled people working in the bls, it is ridiculous to hear that kind of statement. >> reporter: a prominent romney supporter agrees. >> there was no way they were manipulated for political purposes. the people that put it together were civil servants, the experts in the area. the process was one of integrity. >> reporter: while some see it as a boost, romney is trying to neutralize the attack, over
CNBC
Oct 5, 2012 9:00am EDT
this week, but we did get numbers mixed and consumer confidence is good and unemployment and yet, jack welch, the former ceo of general electric as you just mentioned on squawk out on twitter today. he's been obviously critical of the white house for years now, but he says unbelievable jobs numbers. these chicago guys will do anything. can't debate so change numbers. that's the former head of a very large company. >> i'm on tv, and i remember jack sent me a fax when i was first on with mark haynes. i like you. i love jack. i'm trying to reconcile jack with the numbers because i trust jack and think he's terrific. i come back and say listen, they've been wrong -- he's jack. i don't think that they're phony. it doesn't make me feel that jack is off the reservation so much that i think that this particular issue -- i disagree with him. i read the tweet and i was, darn, jack, come on, man. >> let's say good is good. >> does this mark the turning point and we had david come out this morning where he was establishing 1575 and that's quite an upside for 2013 particularly if he's standing by a year-
NBC
Oct 6, 2012 5:00am PDT
. not everyone convinced, though. yesterday jack welch, the former chairman and ceo of ge, tweeted unbelievable job numbers. these chicago guys will do anything. can't debate, so change numbers. he's obviously very influential man. when he tweets, people listen. is there any way that these kinds of numbers can be manipulated? >> he tweets, people listen, they retweet, they write about it and we certainly talked about it a lon on cnbc. the fact of the matter is the bureau of labor statistics has been calculating this number since 1948. it's a scientific survey. they poll 140,000 businesses. you definitely have a giant sample here. what some people are saying is a possibility is that the type of businesses sampled were ones that were skewed towards jobs added. those place where is they might have add more part-time workers. we also saw a giant jump in the number of people employed from the age group of 20 to 24. the biggest jump since 1964. some of these businesses that employed more young people being pulled? it's unlikely. it's really an issue of how much data you can actually get together in 3
FOX News
Oct 7, 2012 4:00pm PDT
on twitter from former head of ge, jack welch. >> welch is one of america's most rebe inspected former ceo's. so when he tweets, people tend to listen. within minutes of the jobs report he tweeted quote, unbelievable jobs numbers. this chicago guys will do anything, can't debate so change numbers and facing a torrent of criticism for that. welch stopped by his tweet and those numbers. >> this whole number is made up of a whole mess of an assumptions who is participating and who is not working and who is trying to work, but dropped out. all of these things, it just raises the question, oh, i think there ought to be a good discussion about how this number is calculated. >> and most analysts aren't dismissing his crimsism as utterly without evidence and at the same time pointing out that the jobs numbers reflect an obama policy that has the economy stuck in neutral. >> they had full charge of the first two years and the policies that this president put into place actually made it worse, including the fact that obamacare is actually, you ask small employers, it's causing them not to hire becau
CBS
Oct 5, 2012 5:00pm PDT
electric ceo and mitt romney supporter jack welch went as far as suggesting the obama administration manipulated the report. he tweeted unbelievable jobs numbers. these chicago guys will do anything. can't debate so change numbers. >> reporter: the white house calls welch's insinuation, quote, utter nonsense and most republicans are steering clear of the former ceo's comments including mitt romney. the republican nominee says many of the new jobs are only part time. and that's not what a real recovery looks like. >> even those that have jobs are having tough times. the middle class is being squeezed with higher and higher costs and with incomes that have gone down. >> reporter: the report was good news on wall street but investors remain wary. >> it's all everyone saying here we go everything is turning the corner. it's not! >> reporter: but history says the latest jobs report could play a part in the election. no president has been re- elected with unemployment above 8% since the great depression. tara mergener for cbs news, the white house. >>> one of the hottest fashion brands in
FOX News
Oct 7, 2012 1:00pm PDT
. doug we talked about a tweet from jack welch. did that ignite the controversy? >>reporter: the recovery surrounding friday's release of the unemployment numbers continues to swirl after jack welch, the respected former c.e.o. of g.e. treated "unbelievable jobs numbers. the chicago guys will do anything. can't debate? change numbers." facing criticism if the tweet he stuck by the criticism of the numbers. >> this number is made up of a whole mess of assumptions: who is participating, who is not working, who is trying for work, who has dropped out. it just begs the question. i think there ought to be a good discussion how this number is calculated. >>reporter: most analysts and the obama campaign are dismanage the criticisms as "without evidence." >> we wonder why institutions in this country are, the perception of institutions are failing, because people go on tv and make sufficient h stuff -- make stuff up. >> they had full charge of the first two years and the policies this president put into place actually made it worse, including the fact that obamacare is tale, if you ask employers,
FOX Business
Oct 5, 2012 5:00pm EDT
employment surged 873,000, but payroll says only 114,000 people went back to work. even jack welch said it, hard to reconcile these numbers. he tweeted, unbelievable jobs numbers. these chicago guys will do anything. can't debate so they change the numbers. that is harsh criticism. here with me is economist peter morici. which also have gary burtless, senior fellow? [no audio. what do you think. what a difference between the two surveys. peter, start with you. >> the bls is not cooking the numbers. i believe that. they don't do such a thing. there a anomalies. household survey counts self-employed people. a lot of people established home based business. they have been dissipating savings. that doesn't mean they're fully employed. to have 800,000 jobs created that would be 6% gain in employment in one month. that would be 135% rate per year, or some big number like that. that's crazy. on a compounded basis in economy growing only 1 1/2% a year. that's just silly. my feeling it is a lot of folks, home based businesses. pick up a little more here and there but they're not really fully employe
FOX Business
Oct 5, 2012 6:00pm EDT
in the an employment rate on just 114,000 jobs growth in the month surprising to jack welch, former ceo of ge. here is what he said. >> well, and the last two months we have gone from 83-81. now we are going to 7.8% by changing the numbers assumptions. like. i don't know if -- what the right number is. i tell you, these numbers don't smell right when you think about where the economy is right now. gerri: gary, to you first. is the bls giving as ps? >> it is the bs. look. three months ago i said that even if we got newt we would be under 8% because the politics of it. we saw 30 days ago the fed announced a open ended printing of money to get asset prices up, and they say 50 days before election, this one is a joke. if you noticed anything about this number, the estimates of job gains came in the exact amount it was supposed to which should have kept it at 8.2%. the estimates, somehow we got to 7.8%, and the use the most of tiles survey, the household survey. gerri: we will get to that. >> 400,000. gerri: can these numbers be sai's? >> i don't think they can. we have had rumors of bls massaging numbe
Search Results 0 to 49 of about 90 (some duplicates have been removed)